Looking At Bank of America's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Bank of America (NYSE:BAC), with a majority of investors taking a bullish stance. Of the 10 strange trades detected, 60% were bullish and 40% were bearish. The total amount for the 2 put trades was $55,000, while the 8 call trades amounted to $899,856. Whales have been targeting a price range from $29.0 to $32.0 for Bank of America over the last 3 months. Analysts from Oppenheimer, BMO Capital, and Morgan Stanley have maintained their respective ratings on the bank.
August 11, 2023 | 2:16 pm
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Bank of America has seen unusual options activity, with a majority of investors taking a bullish stance. Analysts from Oppenheimer, BMO Capital, and Morgan Stanley have maintained their respective ratings on the bank.
The unusual options activity, with a majority being bullish, indicates a positive sentiment towards Bank of America. This, coupled with the maintained ratings from analysts, could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100